California Financial Code

§ 18165

FIN § 18165 Effective Jan 1, 1998Div. 7 · Ch. 2 · Art. 5

Statute text

(a)Except as otherwise provided for in this division, an industrial loan company shall not transact business or make any loan provided for by this division at any other place of business than that designated in its certificate of authorization issued pursuant to Section 18101 or 18149, without having obtained the prior written approval of the commissioner.

(b)An industrial loan company may solicit and make loans and acquire obligations at a place of business other than designated in its certificate of authorization upon written request to and written approval of the commissioner, except as set forth in Section 18165.1, without obtaining a certificate of authorization to conduct business at a branch office pursuant to Article 4 (commencing with Section 18145), subject to the provisions of subdivision (d). The written request for approval to conduct business shall be accompanied by a processing fee of two hundred dollars ($200) for each place of business and shall include the following:

(1)The proposed location of the place of business.

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Legislative history

Amended by Stats. 1997, Ch. 190, Sec. 3. Effective January 1, 1998.